Abstract

Extracted from text ... 2 September 2006 Moneyweb's TAX BREAKS
could be held personally liable
for this tax as well as for VAT.
But it's not all doom and
gloom - for some lighter reading
turn to page 3 for news on
the useful capital gains tax
TAB calculator.
Enjoy the read.
employee's benefit) or the portion
exceeding the two-thirds portion,
for example 75 per cent, was effected
from 1 April 1998.
"These types of contributions
constitute a taxable fringe benefit
in terms of the Seventh Schedule of
the Income Tax Act, which regulates
employers to withhold
Employees' Taxes on the portion
exceeding two-thirds ..